Question

An article was sold by a trader whose ratio between Discount, Profit and Selling price is 2.5 : 3.5 : 10. Find the marked-up percentage.
1. 89.52%
2. 86.25%
3. 92.30%
4. 75.24%
5. 85.24%

Answer 1

Correct Answer - Option 3 : 92.30%

GIVEN:

Let, D : P : S.P = 2.5x : 3.5x : 10x

FORMULA USED:

1) Marked price = selling price + D

2) Profit = selling price - cost price

CALCULATION:

⇒ Marked price = 12.5x      ----(1)

⇒ Profit = selling price - cost price

⇒ Cost price = 6.5x      ----(2)

⇒ Marked up = Marked price – Cost price

⇒ Marked up = 6x

⇒ Markup percentage = (6x/6.5x) x 100

⇒ Markup percentage = 92.30%